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Monday 25 May 2009

As there is not too much action after news, and price bounced back above my entry level I have already closed half position with 9 pips loss and set another half to close with 9 pips profit.

EURUSD order is filled. I hav set SL @ 1.3990 and TP @ 1.3925.
there is bank holiday in US and UK so I'll have a look in half an hour.

Calm weekend opening makes me suppose that price is quite comfortable on it's current level. According to last week price action I have set sell stop for German Ifo Business Climate release at bottom line of channel formed from the beginning of Monday @ 1.3975. However if price will hit upper line of a channel I will cancel my order.

There is nice free signal service on Forex Peace Army [all you need to do is to register for free]. I will consider trading their triggers today

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